HYBE Chair Bang referred to prosecutors over alleged unfair trading

South Korea’s financial watchdog has referred Bang Si-hyuk, founder and chairman of K-pop powerhouse HYBE Co., to prosecutors over alleged fra...

Seoul vows zero-tolerance measures against unfair stock trading

South Korea’s top financial regulators and its stock exchange operator will launch a joint task force to strengthen oversight of unlawful fina...

US unveils 25% tariffs on S.Korea, sets Aug. 1 deadline for agreement

US President Donald Trump on Monday announced new tariffs of 25% on South Korea, set to take effect on Aug. 1 unless the two countries reach a trade...

Shinsegae chair likely to head Asian arm of pro-Trump Rockbridge

Chung Yong-jin, chairman of South Korea’s retail giant Shinsegae Inc., is likely to head the Asian operations of the Rockbridge Network, a gro...

GEPS taps former KB Asset chief risk officer as new CIO

South Korea’s Government Employees Pension Service (GEPS) on Wednesday appointed Sohn Young-jin, former head of risk management at KB Asset Ma...

Naver Ventures to plant flag in Silicon Valley with TwelveLabs bet

Naver Ventures, the first dedicated Silicon Valley venture capital arm of Naver Corp., has made its debut investment in Nvidia Corp.-backed TwelveLa...

US monitors NPS, sovereign funds in expanded currency surveillance

Washington will strengthen its monitoring of portfolio investments by pension and sovereign wealth funds of its trading partners as it broadens its ...

Korea’s stablecoin trade at $42 bn; BOK balks at non-bank stablecoin deals

South Korea’s central bank is cautious about non-banks and fintech firms issuing and handling stablecoins amid a global cryptocurrency rally, ...

World Vision becomes 1st Korean corporate entity to trade crypto

Non-government organization World Vision Korea has sold its Ethereum holdings, becoming the first Korean legal entity to trade crypto after the Sout...

HYBE Bang under financial watchdog’s scrutiny for alleged unfair trading

Bang Si-hyuk, founder and chairman of HYBE Co., the South Korean entertainment giant behind K-pop global sensation BTS, could face investigation by ...

S.Korea's crypto market doubles to $77.5 bn with 20% of population trading

South Korea’s cryptocurrency market surged to nearly 108 trillion won ($77.5 billion) in the second half of last year, fueled by growing retai...

Shinhan Securities acquires stake in Vietnam’s top trading platform FireAnt

Shinhan Securities Co., a leading South Korean brokerage house, has acquired a strategic equity stake in FireAnt, Vietnam’s largest retail tra...

S.Korea’s Naver to launch Silicon Valley venture arm in aggressive AI push

Naver Corp., South Korea’s top internet portal operator, plans to set up a dedicated venture capital arm in Silicon Valley in a move seen as a...

Samsung flexes financial muscle as insurance, card units top rankings

Samsung Group’s financial affiliates are closing in on KB Financial Group for the top spot in South Korea’s financial services sector, u...

Lotte to retake $269 mn stake in logistics arm after flopped IPO

Lotte Group, South Korea’s fifth-largest conglomerate by assets, will buy back a stake in Lotte Global Logistics Co. from the latter’s f...

Harman acquires Masimo’s audio arm in Samsung’s car audio push

Harman International Industries Inc., wholly owned by Samsung Electronics Co., has acquired Masimo Corp.’s audio business for $350 million, a ...

K-pop stocks surge as China set to loosen cultural ban after 9 years

Shares in South Korea’s leading entertainment companies are rallying amid growing signs that China will likely lift its longstanding ban on Ko...

US tariffs add risk premium to dollar assets: Maurice Obstfeld

WASHINGTON, D.C. – The US tariff increases are adding risk premiums to dollar-denominated assets, undermining the dollar’s role as a glo...

Hanwha Ocean shares sink after KDB's sale of 4.2% stake

Investors rushed to dump Hanwha Ocean Co. shares early Tuesday after its second-largest shareholder, Korea Development Bank, cashed in on a 4.2% sta...

Seoul, Washington agree on July tariff deal framework in '2+2' trade talks

WASHINGTON, D.C. – South Korea and the US have agreed to work together to craft a comprehensive tariff-liberalization package by July 8, marki...

Hyundai Motor posts solid Q1; rough road ahead on Trump's auto tariffs

South Korea’s top automaker Hyundai Motor Co. defied mounting global trade headwinds and a fresh round of US import tariffs to deliver record ...

S&P reaffirms South Korea’s AA credit rating with stable outlook

S&P Global Ratings has reaffirmed South Korea’s sovereign credit rating at AA with a stable outlook, citing the country’s resilient ...

Ex-US Congressman Drew Ferguson to head Hyundai's Washington office

Hyundai Motor Group has appointed former Republican Congressman Drew Ferguson as head of its Washington office, a strategic move designed to bolster...

Geopolitics rewrite investment playbook – and that’s an opportunity: KKR

In an era of escalating geopolitical uncertainty, the head of one of the world’s largest private equity firms sees opportunity – not ret...

K-beauty defies trade headwinds as exports to China, US lead sales growth

South Korea’s beauty industry is mounting a powerful global push, defying trade pressures and economic uncertainties with a surge in exports t...

HD Hyundai on course for $1.55 bn order amid US-China trade war

HD Hyundai Co., the world’s largest shipbuilding group, is emerging as a key beneficiary of the Trump administration’s tariff policies a...

US Chamber of Commerce sees Korea’s business penalties as trade barrier

The US Chamber of Commerce, the country’s largest lobbying group, told Washington that South Korea’s penalties on businesspeople are amo...

S.Korea wary of inclusion on US ‘Dirty 15’ nations list for reciprocal tariffs

WASHINGTON, D.C. – The US government plans to unveil country-specific reciprocal tariffs on April 2, with particular attention to nations impo...

Hanwha Energy begins IPO process, key to 3rd-generation shift

Hanwha Energy Corp., wholly owned by Hanwha Group Chairman Kim Seung-youn’s three sons, has embarked on the process of going public – a ...

Seoul to lift curbs on banks' investment in kimchi bonds

South Korea will lift restrictions on banks' purchase of domestically issued foreign currency bonds, dubbed “kimchi bonds," as part of policy ...